Mitsubishi Electric Corp. · TSE:6503
Mitsubishi Electric — Investor Day (November 2021)
28 slides from Mitsubishi Electric's investor day presentation, Nov 9, 2021
Slide 1: Mitsubishi Electric Key Growth Businesses: Power Semiconductor Devices
Mitsubishi Electric Key Growth Businesses < Power Semiconductor Devices> November 9, 2021 Mitsubishi Electric Corporation ©Mitsubishi Electric Corporation
Slide 2: Executive Summary
Executive Summary Formulate a medium-term management plan that targets revenue of 1 ¥240 billion or more and operating profit margin of 10% or more in FY2025（P13） 2 Focus on the automotive and consumer product fields, expand business by utilizing IGBT and SiC（P13～14） Enhance production capacity of 2
Slide 3: Contents
Contents 1. Business Overview 1-1. Business Structure 1-2. Business Details 1-3. Our Strengths 1-4. Business Management Policy 2. Medium-term Management Plan of Key Growth Businesses 2-1. Market Environment 2-2. Growth Strategy 2-2-1. Overall overview 2-2-2. Consumer Segment 2-2-3. Automotive Segmen
Slide 4: Business Overview
1 Business Overview ©Mitsubishi Electric Corporation 4
Slide 5: Business Structure
1-1 Business Structure Business Structure Key Growth Segment Sub-segment Businesses Social Infrastructure Energy & Electric Systems Building Systems Building Systems Factory Automation FA Control Systems Industrial Automation (FA) Systems (PLC, Servo, and CNC) Systems Automotive Equipment xEV/ADAS I
Slide 6: Business Details
1-2 Business Details Constituent of Electronic Device Business Provide key devices that meet social issues such as the after COVID-19 digital revolution and overcoming energy and environmental constrains. Business Overview Ratio (FY2020 actual) Power Device Business Devices used for AC⇔DC, Voltage/f
Slide 7: Our Strengths
1-3 Our Strengths Strengths of Electronic Device Business Have the strengths of high efficiency, long life and high reliability. Make use of abundant field knowledge cultivated over many years, such as optimization with customer’s equipment to improve its global position, especially in IGBT modules
Slide 8: Business Management Policy
1-4 Business Management Policy Reasons and Background for Focusing on Power Device Business as a Key Growth Business Key devices contribute to a decarbonized society. Have the top-tier in the IGBT field and expect high growth globally. Key devices for other key growth businesses. Mobility Power Devi
Slide 9: Medium-term Management Plan of Key Growth Businesses
Medium-term Management Plan 2 of Key Growth Businesses ©Mitsubishi Electric Corporation 9
Slide 10: Market Environment
2-1 Market Environment ©Mitsubishi Electric Corporation 10
Slide 11: Power Device Market Outlook
2-1 Business Environment Power Device Market Outlook Approx. 12% CAGR in FY2020-2025 growth is expected with the progress of xEVs for automotive and inverters for consumer equipment. (¥ Billion) FY2020~25 market CAGR*¹：12％ FY2020~25 outlook Automotive： Approx. 23% high CAGR growth by the progress of
Slide 12: Growth Strategy
2-2 Growth Strategy ©Mitsubishi Electric Corporation 12
Slide 13: Overall overview: Growth Targets
2-2-1 Overall overview G r o w t h Ta r g e t s FY2020 Actual FY2021 Plan FY2025 Target Revenue ¥148Bn. ¥184Bn. ¥240Bn. or more OPM 0.4% 5% 10% or more Business Strategy Expected to expand in the medium term in each field. Focusing on the automotive field, where high growth is expected, and the cons
Slide 14: Market Outlook by Field and Our Measures
2-2-1 Overall overview Market Outlook by Field and Our Measures Automotive Consumer ＜Business environment＞ ＜Business environment＞ ・Inverters for home appliances continue to grow and ・Expected to grow rapidly due to xEV strong demand continues ＜Our Measures ＞ ＜Our Measures ＞ ・Capture with strategic p
Slide 15: Consumer Segment: Market Trend
2-2-2 Consumer Segment M a r k e t Tr e n d Existing room air conditioner market(for compressors), the core, is steadily expanding due to tightening of energy saving regulations. Applications with small current capacity, such as air conditioner fans, washing machine fans and refrigerators, are expan
Slide 16: Consumer Segment: Our Achievements
2-2-2 Consumer Segment Our Achievements In early days, introduced market compact design high performance, high quality transfer-molded IPM. Optimal package, implements peripheral parts, realized easier and more compact customer design. De facto standardization by being adopted by many customers. Sin
Slide 17: Consumer Segment: Initiatives for FY2025 (Air Conditioner Compressor Market)
2-2-2 Consumer Segment I n i t i a t i ve s f o r F Y 2 0 2 5 ( Ai r C o n d i t i o n e r C o m p r e s s o r M a r k e t ) In the existing market(air conditioner compressors), maintain position and improve commercial growth by strategic products with further compact design, while keeping higher pe
Slide 18: Consumer Segment: Initiatives for FY2025 (New Market)
2-2-2 Consumer Segment I n i t i a t i ve s f o r F Y 2 0 2 5 ( N e w M a r k e t ) For new markets such as air conditioner fans, washing machine fans and refrigerators, etc., we have already introduced surface mount type strategic product, easier for customers to handle. Customer board surface area
Slide 19: Automotive Segment: Market Trend
2-2-3 Automotive Segment M a r k e t Tr e n d High growth can be expected in the automotive field(xEV) due to energy saving trend. Market, will grow particularly by 2030, is for small/medium size EVs. As for power devices, the use of Si and SiC will be promoted, according to diversifying customer ne
Slide 20: Automotive Segment: Our Achievements
2-2-3 Automotive Segment Our Achievements Realized earlier mass production of IPM for the automotive field by applying chips and packaging technology cultivated in other fields. Continue to meet the needs of customers in the automotive field with compact design, high performance utilizing SiC, and h
Slide 21: Automotive Segment: Initiatives for FY2025
2-2-3 Automotive Segment I n i t i a t i ve s f o r F Y 2 0 2 5 Introducing strategic products significantly smaller and lighter, while maintaining high performance and high quality. Superiority of our products has already been recognized, sales expands due to increased number of adopted models from
Slide 22: Automotive Segment: Initiatives for Further Growth
2-2-3 Automotive Segment Initiatives for Further Growth Strengthen and accelerate initiatives for SiC to popularize xEV. Strengthen business by properly using Si and SiC according to customer needs. Strengths of our SiC ・Since the launch of the SiC power module in 2013, we have accumulated high-perf
Slide 23: Investment Plan: Capital Investment Plan
2-2-4 Investment Plan Capital Investment Plan Wafer process capacity will be doubled by FY2025 compared to FY2020. Also, invest on assembly and test process in a timely and appropriate manner to meet future demand. Capital investment (actual, plan) Manufacturing factory (example: wafer process) (¥ B
Slide 24: Production Capacity Enhancement (300mm Line)
2-2-4 Investment Plan Production Capacity Enhancement (300mm Line) In response to increasing demand for power devices due to xEV growth and tightening of energy-saving regulations, we enhance wafer production capacity. In addition to the expansion of the 200mm line, 300mm line production is also pla
Slide 25: Initiatives on Social Challenges
Initiatives on Social 2-3 Challenges ©Mitsubishi Electric Corporation 25
Slide 26: Contribute to Solve Social Issues Toward Realization of Sustainability
2-3 Initiatives on Social Challenges C o n t r i b u t e t o S o l v e S o c i a l I s s u e s To w a r d t h e R e a l i z a t i o n o f Sustainability Utilize IGBT / SiC cultivated through business synergies, we will contribute to a decarbonized society by providing key devices that save energy in
Slide 27: Cautionary Statement
Cautionary Statement While the statements herein including the forecast of the Mitsubishi Electric Group are based on assumptions the Group considers to be reasonable under the circumstances on the date of announcement, actual results may differ significantly from forecasts. Such factors materially
Slide 28: Mitsubishi Electric: Changes for the Better
9 MITSUBISHI ELECTRIC Changes for the Better N11 / A Anniversay